Category: Australian house prices

Australian House Values Continue Falling While Rental Market Continue Trending Down

August 19, 2022
AustraliaAustralian house pricesaustralian property marketaustralian rental marketBusiness & MarketsGlobal Real EstateInternationalreal estateWorld
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Australia’s rental market remains tight as the residential property market continues trending downwards. Rental vacancies in the CBDs of Sydney and Melbourne fell to 2 percent and 3.4 percent, respectively, in response to the return of international arrivals, according to SQM Research (pdf). Meanwhile, the rental vacancies of other capital cities edged slightly higher but…

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House Prices Drop Sharply in Major Australian Cities in July

August 1, 2022
AustraliaAustralian house pricesGlobal Real Estatereal estateWorld
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Australian house prices continued to fall as five out of eight capital cities saw a drop in prices in July, with Sydney and Melbourne leading the downward trend. According to real estate data provider CoreLogic, Australian home values dipped by 1.3 percent in July, the third consecutive monthly drop, following a near 29 percent national…

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